Number; Election; Initial Members Committee Clause Samples

Number; Election; Initial Members Committee. The Members Committee shall consist of four (4) individuals (each, a “Representative”). NU Ventures, together with its Permitted Transferees, shall have the right to collectively appoint two (2) Representatives. NSTAR Ventures, together with its Permitted Transferees, shall have the right to collectively appoint two (2) Representatives. The initial Representatives shall consist of the four individuals set forth on Schedule 7.2. Each such individual shall be deemed duly appointed to the Members Committee as of the date of this Agreement. The Company shall reimburse the Representatives for reasonable expenses incurred by the Representatives in carrying out their responsibilities as Representatives. The Representatives shall not be employees of the Company or entitled to receive any other compensation from the Company. Execution Copy Northern Pass LLC Operating Agreement
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Related to Number; Election; Initial Members Committee

  • Initial Members The initial members of the LLC, their initial capital contributions, and their percentage interest in the LLC are: Initial Percentage Interest Capital Members in LLC Contribution

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Initial Member (a) The name, address and initial Membership Interest of the initial Member is as follows: BR C▇▇▇▇▇▇ DFW Portfolio JV, LLC 100% c/o Bluerock Real Estate, L.L.C. 7▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ (b) The Member was admitted to the Company as a member of the Company upon its execution of a counterpart signature page to this Agreement.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Referral to the Committee a) Prior to referral to the Committee, the matter must be brought to the attention of the other local party. b) A central party shall refer the grievance forthwith to the CDRC by written notice to the other central party, with a copy to the Crown, but in no case later than 40 days after becoming aware of the dispute. c) The Committee shall complete its review within 10 days of the grievance being filed. d) If the grievance is not settled, withdrawn, or referred to the local grievance procedure by the Committee, the central party who has filed the grievance may, within a further 10 days, refer the grievance to arbitration. e) All timelines may be extended by mutual consent of the parties.